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Topic: What's stopping people from using bitcoin? (Read 202202 times)

orryde

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Re: What's stopping people from using bitcoin?

December 19, 2015, 02:20:42 PM

#421

Quote from: Luqman on December 19, 2015, 01:53:55 AM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

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betohell

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Re: What's stopping people from using bitcoin?

December 19, 2015, 04:14:02 PM

#422

Quote from: orryde on December 19, 2015, 02:20:42 PM

Quote from: Luqman on December 19, 2015, 01:53:55 AM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

yeah true now volume bitcoin so large. when prices begin to down. everyone will be interested to buy back. so there's no chance for bitcoin price to go down too long

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lixer

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Re: What's stopping people from using bitcoin?

December 19, 2015, 04:57:51 PM

#423

Quote from: betohell on December 19, 2015, 04:14:02 PM

Quote from: orryde on December 19, 2015, 02:20:42 PM

Quote from: Luqman on December 19, 2015, 01:53:55 AM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

yeah true now volume bitcoin so large. when prices begin to down. everyone will be interested to buy back. so there's no chance for bitcoin price to go down too long

Yes, bitcoin is becoming dominant, and lots of people accepting Bitcoin.
Some people are not accepting it as a currency or investment. They took wrong example from the past of $1200 to $200 which is the main reason for them not accepting bitcoin as a payment or investment.

Supercrypt

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Re: What's stopping people from using bitcoin?

December 19, 2015, 05:01:19 PM

#424

Quote from: n2004al on December 19, 2015, 10:12:30 AM

Quote from: Luqman on December 19, 2015, 01:53:55 AM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Sorry but you must decide if bitcoin will be worthless and the people will starting to leave it, or bitcoin will be the future of money. Cannot happen both of those as you predict in your post. And you cannot be "pretty sure" that something will not happen when you firstly (before) accept that this something will become true. So, you predict in the first part of your unique precious sentence of your post that bitcoin will become worthless and the people will start to leave it FOR SURE and then immediately are pretty sure that this will not happen because bitcoin will be the future of the money. With which part of yourself do you are? With the first half of yourself who write the first part of your sentence or with the second half of yourself (which, as I can see, is in an open war with the first one) who write the total opposite of the first one?

Well whats making people not to accept Bitcoin is because they are afraid.
In their view bitcoin is not stable and it is highly "volatile currency. The swinging price prevent many merchants as well users make to have second thoughts on accepting bitcoin. Only long term investors and technical people easily adopting bitcoin.

kyrios_

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Re: What's stopping people from using bitcoin?

December 19, 2015, 05:46:16 PM

#425

Quote from: orryde on December 19, 2015, 02:20:42 PM

Quote from: Luqman on December 19, 2015, 01:53:55 AM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

the market is u forgiving. anything can happen honestly

knowhow

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Re: What's stopping people from using bitcoin?

December 19, 2015, 06:51:18 PM

#426

Rumors always affect bitcoin value that happen last month when some exchange werent processing something i dont remember the problem and price went from 300 to 180 dollars in a flash moments,then to recover hell it took sometime,soo say that is impossible bitcoin being worth 0 dollars is insane,if a problem ,that bitcoin should have one,and someone may find it,it can easy kill the altcoins,but i doubt can happen otherwise crypto world would die with bitcoin i doubt others altcoins can survive without the father or the king.People connect bitcoin as some scam attemp or black market currency.

dothebeats

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Re: What's stopping people from using bitcoin?

December 19, 2015, 07:01:55 PM

#427

Quote from: kyrios_ on December 19, 2015, 05:46:16 PM

Quote from: orryde on December 19, 2015, 02:20:42 PM

Quote from: Luqman on December 19, 2015, 01:53:55 AM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

the market is u forgiving. anything can happen honestly

Agreed, if bitcoin's price from 0 to a thousand dollars is possible, such a journey downwards is also possible though highly improbable at this point in time. Maybe after some kind of catastrophe or some vulnerability in bitcoin is found and is already exploited, chances are this could lead to the massive decline in price with the possibility of bitcoin becoming worthless, again.

tn211

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Re: What's stopping people from using bitcoin?

December 19, 2015, 07:33:37 PM

#428

Some people is stopping bitcoin of using it, because they just afraid to lose there money and they don't know how to use it.
That is why the new generation is better for them to use bitcoin.

iv4n

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Re: What's stopping people from using bitcoin?

December 19, 2015, 07:41:05 PM

#429

Quote from: ajun96 on December 19, 2015, 02:49:46 AM

Quote from: Luqman on December 19, 2015, 01:53:55 AM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

all could happen dude, bitcoin will be useless when gold bitcoin price plummeted, when everyone sell all their bitcoin
and the price of bitcoin will fall, people will not wear it again

Wait the minute " when everyone sell all their bitcoins.." seel it to whom? If u wish to sell someone will need to wish to buy, so your logic is a bit hard for me to understan. I get that miners are the peope who keep bitcoin alive. And as long there is miners bitcoin will be safe and will have some normal price. I read a lot about it, and I think bitcoin will have some special place in future, but surprises are waiting for us for sure. Like always new things will come, new people with new idea. What will come is yet to be seen, all we can do now is to try to make something nice for bitcoin, and to share it around.

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fravia

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Re: What's stopping people from using bitcoin?

December 19, 2015, 07:51:42 PM

#430

well there might be a lot of things why people might not want to use bitcoins first of all a lot of people thing that its created to make illegal activities also people dont like that the price is fluctuating a lot though i believe that people will get interested after some time

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adamstgBit

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Re: What's stopping people from using bitcoin?

December 19, 2015, 08:32:36 PM

#431

sinking hard earn money into somthing experts warn them about, and could potentially fail, isn't everyone's cup of tea...

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Pollak

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Re: What's stopping people from using bitcoin?

December 19, 2015, 08:59:12 PM

#432

Most people think of bitcoin as a payment for criminals which is very bad.
I think a lot of people are also not aware of what bitcoin and how it can make their life better.
These are the main reasons

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l8nit3

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Re: What's stopping people from using bitcoin?

December 19, 2015, 09:02:53 PM

#433

In my opinion, whats stopping user adoption from exploding is a few things:
1)The massive drop from the 1300 bubble to now (even given our recent advances)
2)Gox is still a fear in the back of everyones minds... and cryptsys situation isnt helping
3)The rampant shitcoin releases for alts
4)The incredibly high rate of scam sites when compared to other currencies
5)Still not 'easily' (read idiot-proof) fluid from fiat to btc and back.

BruceLee007

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Re: What's stopping people from using bitcoin?

December 19, 2015, 09:09:26 PM

#434

nothing stops people from using the actual currency of bitcoins there is not enough information about it thats why people usually are not very keen on using it though if they would know all the facts about it i believe they would really like it

aff

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Re: What's stopping people from using bitcoin?

December 19, 2015, 09:38:56 PM

#435

I think the major contributing factor is they either don't know enough about it or fully understand it. They see it as some weird online tool/program/app that is used by people who are already technology literate. All they hear is Technobabble. They don't get p2p, they don't understand the blockchain talk, a good percentage of them most likely have no idea it is even money.

The core base of bitcoin is still mostly techies/developers/IT or people who come close to fitting into those categories. They are already good with technology. People who would buy a raspberry pi to use it as a node. People who shop at newegg for computer parts.

When that barrier is broken I don't know.

ashly

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Re: What's stopping people from using bitcoin?

December 20, 2015, 01:07:04 AM

#436

Because they dont know bitcoins is very good

Funny

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Re: What's stopping people from using bitcoin?

December 20, 2015, 01:07:50 AM

#437

Most people have never heard of the concept bitcoin before... We need to promote more.

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acroman08

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Re: What's stopping people from using bitcoin?

December 20, 2015, 01:15:11 AM

#438

the reason people having doubt about bitcoin is its instability, right now bitcoin is able to compete side by side
with fiat, but if the instability got worse bitcoin will not be able to attract any investor.

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coinplus

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Re: What's stopping people from using bitcoin?

December 20, 2015, 04:30:50 AM

#439

Quote from: acroman08 on December 20, 2015, 01:15:11 AM

Yes, the price instability leads to afraid of using bitcoin. They are afraid because nobody would like to invest in such a thing they will lose their value worth over time period. or they think they will not gain anything from it, and it is a total of uncertainty. This is the main cause of stopping people from using bitcoin.

faridkifly

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Re: What's stopping people from using bitcoin?

December 20, 2015, 05:43:17 AM

#440

Quote from: Funny on December 20, 2015, 01:07:50 AM

Most people have never heard of the concept bitcoin before... We need to promote more.

you right dude. If you know the concept, you will easily understand such as whether bitcoin it.
after you understand that, you will understand the gap to search for BTC

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